Mark Smiley, chairman of the state Republican Party, says the State Investment Commission's decision to cut ties with companies that distribute guns shows that General Treasurer Gina Raimondo "has her priorities all wrong."

Randal Edgar RandyEdgar1

PROVIDENCE, R.I. -- Mark Smiley, chairman of the state Republican Party, says the State Investment Commission's decision to cut ties with companies that distribute guns shows that General Treasurer Gina Raimondo "has her priorities all wrong."

"She should be working to maximize the return on investment for all funds under her supervision," he said of Raimondo, a Democrat who chairs the investment commission and is a likely candidate for governor in 2014.

The commission voted on Wednesday to begin the process of pulling some $4 million away from a gun distributor that received investments through two private equity funds in the state pension fund's portfolio.

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